Unit 5. Chapter 33 Financial statements

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Across
  1. 2. The overhead costs of operating a business, deducted from gross profit to calculate profit from operations.
  2. 5. Total capital raised from issuing shares, raised from shareholders.
  3. 7. Revenue minus the cost of sales.
  4. 11. Non-physical items of value, such as patents, trademarks and copyrights.
  5. 13. A method where a constant amount of depreciation is deducted from the asset’s value each year.
  6. 14. A financial obligation the business must pay in the future.
  7. 16. Arises when a business is valued at or bought for more than the balance sheet value of its assets (the extra value paid for a business over its book asset value).
  8. 17. Accumulated retained profits and capital reserves from re-valuation of non-current assets.
  9. 18. Gross profit minus overhead expenses (also known as operating profit).
  10. 20. The value of payments due from customers who purchased goods on credit.
  11. 21. The share of profits paid to shareholders, in return for investment in company.
  12. 22. The decline in the value of a non-current asset over time.
Down
  1. 1. The amount inventory can be sold for, minus selling costs.
  2. 3. The value of a non-current asset after depreciation (original cost minus accumulated depreciation).
  3. 4. The total value of assets minus total value of liabilities
  4. 6. The direct cost of goods sold during the financial year.
  5. 8. Profit from operations minus interest costs.
  6. 9. A financial statement detailing revenue, costs, and profit (or loss) over a set period.
  7. 10. An item of monetary value owned by a business.
  8. 12. One-time profit that is difficult to repeat or sustain.
  9. 13. A financial statement recording the values of a business's assets, liabilities, and shareholders’ equity at a specific point in time.
  10. 15. Profit that can be repeated and sustained.
  11. 19. The value of debts for goods bought on credit payable to suppliers (accounts payable).